ceetech limited
ceetech limited Company Information
Company Number
04242024
Next Accounts
Dec 2025
Shareholders
rsk environment limited
Group Structure
View All
Industry
Electrical installation
+2Registered Address
spring lodge 172 chester road, helsby, cheshire, WA6 0AR
Website
www.ceetech.co.ukceetech limited Estimated Valuation
Pomanda estimates the enterprise value of CEETECH LIMITED at £8.5m based on a Turnover of £17.9m and 0.48x industry multiple (adjusted for size and gross margin).
ceetech limited Estimated Valuation
Pomanda estimates the enterprise value of CEETECH LIMITED at £1.6m based on an EBITDA of £353.5k and a 4.47x industry multiple (adjusted for size and gross margin).
ceetech limited Estimated Valuation
Pomanda estimates the enterprise value of CEETECH LIMITED at £5.9m based on Net Assets of £2.1m and 2.78x industry multiple (adjusted for liquidity).
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Ceetech Limited Overview
Ceetech Limited is a live company located in cheshire, WA6 0AR with a Companies House number of 04242024. It operates in the electrical installation sector, SIC Code 43210. Founded in June 2001, it's largest shareholder is rsk environment limited with a 100% stake. Ceetech Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.9m with healthy growth in recent years.
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Ceetech Limited Health Check
Pomanda's financial health check has awarded Ceetech Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £17.9m, make it larger than the average company (£1.2m)
£17.9m - Ceetech Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (11.8%)
13% - Ceetech Limited
11.8% - Industry AVG
Production
with a gross margin of 13.5%, this company has a higher cost of product (27.6%)
13.5% - Ceetech Limited
27.6% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (6.4%)
1.8% - Ceetech Limited
6.4% - Industry AVG
Employees
with 81 employees, this is above the industry average (10)
81 - Ceetech Limited
10 - Industry AVG
Pay Structure
on an average salary of £47.3k, the company has an equivalent pay structure (£40.1k)
£47.3k - Ceetech Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £221.2k, this is more efficient (£146.9k)
£221.2k - Ceetech Limited
£146.9k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (54 days)
38 days - Ceetech Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (42 days)
53 days - Ceetech Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (13 days)
5 days - Ceetech Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Ceetech Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.5%, this is a similar level of debt than the average (61.4%)
64.5% - Ceetech Limited
61.4% - Industry AVG
CEETECH LIMITED financials
Ceetech Limited's latest turnover from March 2024 is £17.9 million and the company has net assets of £2.1 million. According to their latest financial statements, Ceetech Limited has 81 employees and maintains cash reserves of £49.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,920,724 | 15,414,216 | 9,695,800 | 12,468,894 | |||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 15,503,127 | 13,000,737 | 6,199,551 | 7,988,922 | |||||||||||
| Gross Profit | 2,417,597 | 2,413,479 | 3,496,249 | 4,479,972 | |||||||||||
| Admin Expenses | 2,089,408 | 2,099,523 | 3,043,131 | 3,706,192 | |||||||||||
| Operating Profit | 328,189 | 313,956 | 453,118 | 773,780 | |||||||||||
| Interest Payable | 1,111 | ||||||||||||||
| Interest Receivable | 14 | 2 | 11,911 | 526 | |||||||||||
| Pre-Tax Profit | 327,092 | 313,958 | 465,029 | 774,306 | |||||||||||
| Tax | -85,853 | -56,966 | -95,071 | -140,222 | |||||||||||
| Profit After Tax | 241,239 | 256,992 | 369,958 | 634,084 | |||||||||||
| Dividends Paid | 100,000 | ||||||||||||||
| Retained Profit | 241,239 | 256,992 | 369,958 | 534,084 | |||||||||||
| Employee Costs | 3,827,384 | 3,662,464 | 2,436,298 | 3,632,098 | |||||||||||
| Number Of Employees | 81 | 76 | 67 | 61 | 61 | 53 | 45 | 34 | 32 | ||||||
| EBITDA* | 353,526 | 334,504 | 467,076 | 794,254 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 74,293 | 41,001 | 44,962 | 49,455 | 53,241 | 52,145 | 72,261 | 71,364 | 68,758 | 46,756 | 68,363 | 45,596 | 45,648 | 15,627 | 5,366 |
| Intangible Assets | 1,424 | 2,561 | 3,699 | 1,375 | 1,152 | 2,408 | 3,664 | 4,920 | |||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,710 | ||||||||||||||
| Total Fixed Assets | 75,717 | 43,562 | 48,661 | 50,830 | 53,241 | 53,297 | 74,669 | 75,028 | 75,388 | 46,756 | 68,363 | 45,596 | 45,648 | 15,627 | 5,366 |
| Stock & work in progress | 215,609 | 295,089 | 276,459 | 103,029 | 72,693 | 26,958 | 168,145 | 21,082 | 780,865 | ||||||
| Trade Debtors | 1,903,089 | 822,241 | 1,129,017 | 596,959 | 1,222,742 | 1,455,700 | 2,061,445 | 2,245,208 | 1,096,936 | 288,486 | 598,105 | 950,908 | 527,820 | 488,193 | 379,997 |
| Group Debtors | 365,064 | 698,918 | 1,100,000 | ||||||||||||
| Misc Debtors | 3,416,952 | 2,038,314 | 1,372,943 | 1,894,926 | 247,321 | 56,542 | 60,063 | 25,796 | 29,406 | ||||||
| Cash | 49,492 | 690,790 | 868,882 | 2,223,400 | 1,508,254 | 1,152,661 | 814,398 | 210,024 | 382,502 | 32,146 | 63,307 | 63,304 | 800 | 20,024 | 6,772 |
| misc current assets | |||||||||||||||
| total current assets | 5,950,206 | 4,545,352 | 4,747,301 | 4,818,314 | 3,051,010 | 2,691,861 | 3,104,051 | 2,502,110 | 1,508,844 | 1,101,497 | 661,412 | 1,014,212 | 528,620 | 508,217 | 386,769 |
| total assets | 6,025,923 | 4,588,914 | 4,795,962 | 4,869,144 | 3,104,251 | 2,745,158 | 3,178,720 | 2,577,138 | 1,584,232 | 1,148,253 | 729,775 | 1,059,808 | 574,268 | 523,844 | 392,135 |
| Bank overdraft | |||||||||||||||
| Bank loan | 9,814 | ||||||||||||||
| Trade Creditors | 2,279,611 | 1,569,730 | 1,108,202 | 1,329,597 | 590,217 | 779,834 | 1,590,080 | 1,088,494 | 478,089 | 861,746 | 469,480 | 826,219 | 445,585 | 421,394 | 270,718 |
| Group/Directors Accounts | 373,036 | 139,230 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 11,239 | 10,740 | |||||||||||||
| other current liabilities | 1,185,792 | 977,211 | 1,668,263 | 1,885,944 | 1,404,329 | 973,218 | 812,004 | 1,007,094 | 809,066 | ||||||
| total current liabilities | 3,849,678 | 2,686,171 | 2,776,465 | 3,225,355 | 1,994,546 | 1,753,052 | 2,402,084 | 2,095,588 | 1,297,895 | 861,746 | 469,480 | 826,219 | 445,585 | 421,394 | 270,718 |
| loans | |||||||||||||||
| hp & lease commitments | 26,576 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 181,522 | 173,800 | 160,000 | 126,000 | 126,000 | 126,000 | |||||||||
| provisions | 12,691 | 7,004 | 5,750 | 461 | 882 | 36 | 3,104 | ||||||||
| total long term liabilities | 39,267 | 7,004 | 5,750 | 461 | 882 | 181,558 | 176,904 | 160,000 | 126,000 | 126,000 | 126,000 | ||||
| total liabilities | 3,888,945 | 2,693,175 | 2,782,215 | 3,225,355 | 1,994,546 | 1,753,052 | 2,402,084 | 2,096,049 | 1,298,777 | 1,043,304 | 646,384 | 986,219 | 571,585 | 547,394 | 396,718 |
| net assets | 2,136,978 | 1,895,739 | 2,013,747 | 1,643,789 | 1,109,705 | 992,106 | 776,636 | 481,089 | 285,455 | 104,949 | 83,391 | 73,589 | 2,683 | -23,550 | -4,583 |
| total shareholders funds | 2,136,978 | 1,895,739 | 2,013,747 | 1,643,789 | 1,109,705 | 992,106 | 776,636 | 481,089 | 285,455 | 104,949 | 83,391 | 73,589 | 2,683 | -23,550 | -4,583 |
| Mar 2024 | Mar 2023 | Mar 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 328,189 | 313,956 | 453,118 | 773,780 | |||||||||||
| Depreciation | 24,200 | 19,410 | 13,232 | 20,474 | 22,785 | 27,144 | 26,728 | 28,743 | 24,871 | 23,132 | 17,267 | 12,060 | 7,514 | 6,266 | 7,773 |
| Amortisation | 1,137 | 1,138 | 726 | 1,152 | 1,259 | 1,256 | 1,256 | ||||||||
| Tax | -85,853 | -56,966 | -95,071 | -140,222 | |||||||||||
| Stock | -79,480 | 18,630 | 173,430 | 30,336 | 45,735 | -141,187 | 147,063 | 21,082 | -780,865 | 780,865 | |||||
| Debtors | 2,125,632 | -42,487 | 1,110,075 | 1,021,822 | -42,179 | -609,266 | -149,496 | 1,142,952 | 839,566 | -309,619 | -352,803 | 423,088 | 39,627 | 108,196 | 379,997 |
| Creditors | 709,881 | 461,528 | -221,395 | 739,380 | -189,617 | -810,246 | 501,586 | 610,405 | -383,657 | 392,266 | -356,739 | 380,634 | 24,191 | 150,676 | 270,718 |
| Accruals and Deferred Income | 208,581 | -691,052 | -217,681 | 481,615 | 431,111 | 161,214 | -195,090 | 198,028 | 809,066 | ||||||
| Deferred Taxes & Provisions | 5,687 | 1,254 | 5,750 | -461 | -421 | 846 | -3,068 | 3,104 | |||||||
| Cash flow from operations | -854,330 | 73,125 | -1,344,826 | 822,869 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -9,814 | 9,814 | |||||||||||||
| Group/Directors Accounts | 233,806 | 139,230 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 37,815 | -10,740 | 10,740 | ||||||||||||
| other long term liabilities | -181,522 | 7,722 | 13,800 | 34,000 | 126,000 | ||||||||||
| share issue | |||||||||||||||
| interest | -1,097 | 2 | 11,911 | 526 | |||||||||||
| cash flow from financing | 270,524 | -235,768 | 2,097 | 10,340 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -641,298 | -178,092 | -1,354,518 | 715,146 | 355,593 | 338,263 | 604,374 | -172,478 | 350,356 | -31,161 | 3 | 62,504 | -19,224 | 13,252 | 6,772 |
| overdraft | |||||||||||||||
| change in cash | -641,298 | -178,092 | -1,354,518 | 715,146 | 355,593 | 338,263 | 604,374 | -172,478 | 350,356 | -31,161 | 3 | 62,504 | -19,224 | 13,252 | 6,772 |
ceetech limited Credit Report and Business Information
Ceetech Limited Competitor Analysis
Perform a competitor analysis for ceetech limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in WA6 area or any other competitors across 12 key performance metrics.
ceetech limited Ownership
CEETECH LIMITED group structure
Ceetech Limited has no subsidiary companies.
Ultimate parent company
2 parents
CEETECH LIMITED
04242024
ceetech limited directors
Ceetech Limited currently has 9 directors. The longest serving directors include Mr Adrian Baker (Jan 2008) and Mr Stephen Attle (Jan 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Baker | United Kingdom | 60 years | Jan 2008 | - | Director |
| Mr Stephen Attle | United Kingdom | 59 years | Jan 2016 | - | Director |
| Mr Carl England | England | 47 years | Mar 2022 | - | Director |
| Dr George Tuckwell | England | 51 years | Mar 2022 | - | Director |
| Mr Alasdair Ryder | England | 63 years | Mar 2022 | - | Director |
| Mr Martyn Rothwell | United Kingdom | 38 years | Mar 2022 | - | Director |
| Ms Abigail Draper | England | 54 years | Mar 2022 | - | Director |
| Mr Luke Ashton | United Kingdom | 55 years | Feb 2024 | - | Director |
| Mr Christopher Roberds | United Kingdom | 35 years | Feb 2024 | - | Director |
P&L
March 2024turnover
17.9m
+16%
operating profit
328.2k
+5%
gross margin
13.5%
-13.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
2.1m
+0.13%
total assets
6m
+0.31%
cash
49.5k
-0.93%
net assets
Total assets minus all liabilities
ceetech limited company details
company number
04242024
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
43210 - Electrical installation
43290 - Other construction installation
incorporation date
June 2001
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
BDO LLP
address
spring lodge 172 chester road, helsby, cheshire, WA6 0AR
Bank
-
Legal Advisor
-
ceetech limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 2 charges/mortgages relating to ceetech limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ceetech limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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ceetech limited Companies House Filings - See Documents
| date | description | view/download |
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